James Crombie

1 month ago | news.bloombergtax.com | James Crombie

Brazilian airline Azul SA is in with creditors for a roughly $600 million financing that would fund the company through a potential bankruptcy that could come as soon as next week, according to people with knowledge of the matter. • Azul has $52.2 million of interest due this month on corporate bonds. • A weaker Brazilian real has inflated Azul’s expenses — including dollar-denominated lease payments and fuel costs tied to the greenback.

1 month ago | news.bloomberglaw.com | James Crombie

Brazilian airline Azul SA is in with creditors for a roughly $600 million financing that would fund the company through a potential bankruptcy that could come as soon as next week, according to people with knowledge of the matter. • Azul has $52.2 million of interest due this month on corporate bonds. • A weaker Brazilian real has inflated Azul’s expenses — including dollar-denominated lease payments and fuel costs tied to the greenback.

1 month ago | news.bloomberglaw.com | James Crombie

43% in extended trading Tuesday following a report that the chipmaker is preparing to file for bankruptcy within a matter of weeks. Wolfspeed is aiming to hash out a Chapter 11 plan to restructure its debt. • Wolfspeed passed on multiple debt-holder proposals to restructure its debt out of court, the Wall Street Journal . • The company’s bankruptcy filing is expected to occur within a matter of weeks.

1 month ago | fa-mag.com | James Crombie

This month’s rally crushed corporate debt yields to a level that does not adequately cover the risk, warns junk bond guru Marty Fridson. “High-yield bond valuations are severely out of whack with the yield premium that would fairly compensate” investors, wrote Fridson, whose debt analysis has been studied by Wall Street for decades, in a report Tuesday.

1 month ago | bloomberg.com | James Crombie

(Bloomberg) -- This month’s rally crushed corporate debt yields to a level that does not adequately cover the risk, warns junk bond guru Marty Fridson. “High-yield bond valuations are severely out of whack with the yield premium that would fairly compensate” investors, wrote Fridson, whose debt analysis has been studied by Wall Street for decades, in a report Tuesday.